Booking Holdings Reports Q3 GAAP EPS and Revenue Misses
Booking Holdings (BKNG) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of $3.61, missing estimates by $0.82. Additionally, quarterly revenue reached $8.89 billion, representing a 1.2% year-over-year decline and falling $650 million below anticipated levels. Following the announcement, shares of Booking Holdings dropped 2.4% in after-hours trading. The results highlight a contraction in top-line growth compared to the previous year, reflecting shifting dynamics within the travel sector.
Tickers: $BKNG
Topics: earnings_report eps_miss revenue_miss